Healthcare Funding Partners Secures $100 Million Credit Facility with Post Road Group, with Potential Expansion to $200 Million
The Floridant/10245260

BOCA RATON, Fla., Sept. 18, 2023 ~ Healthcare Funding Partners (HFP), a leading player in the Health Insurance Marketplace financing sector, has successfully completed an upsize to an existing financing with Post Road Group, securing a substantial credit facility of $100 million, with the option to expand to $200 million through an accordion feature.

Chad Sokoloff, Managing Partner at Healthcare Funding Partners, expressed his enthusiasm for the partnership: "Our mission has always been to empower businesses within the Health Insurance Marketplace, and this credit facility with Post Road Group reinforces our commitment to that mission. We are excited about the opportunities this partnership unlocks for us and our insurance agency partners."

HFP offers a comprehensive range of financial services including financing and acquisition of assets such as books of business in both the under-65 space (encompassing Affordable Care Act (ACA), Short Term Medical, Limited Medical, and Ancillaries) as well as the over-65 market (which includes Medicare Supplement, Advantage, Long-Term Care, and more). The company also advances commissions, purchases future commissions (HEAPs), makes equity investments and delivers legal, accounting and HR-related services to insurance agency partners.

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Michael Grosso, a Director at Post Road Group commented on their continued relationship with HFP: "Post Road is very excited to continue our financing relationship with Healthcare Funding Partners. This expanded credit facility will help them continue to grow their position as a market leader in the Health Insurance Marketplace. We have had a great experience working with the team at HFP and look forward to supporting the further growth and expansion of their business."

Post Road Group is an alternative investment advisory firm headquartered in Stamford Connecticut specializing in private credit and private equity investments across various sectors including digital infrastructure telecommunications media business services real estate and specialty finance. Their strategic partnership with HFP underscores their confidence in HFP's potential and growth prospects of the Health Insurance Marketplace.

This collaboration between Healthcare Funding Partners and Post Road Group marks a significant milestone in HFP's expansion and development of its financial capabilities. With this enhanced credit facility HFP is well-positioned to drive innovation support its insurance agency partners and continue making a meaningful impact in the Health Insurance Marketplace. For media inquiries please contact Michael S Hilf or Chad Sokoloff.
Filed Under: Business

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